Home equity loan and other cool stuff
Taking the extra time to research the differences between home mortgage products will save you from future financial disaster. And do stay within your financial means. A lender will present you with the amount of the loan you qualify for, which usually is an amount higher than that which you can reasonable afford. Do not allow yourself to be seduced into thinking that you can afford any more than what you can reasonably live with. The home mortgage loan approval process is pretty straightforward and includes the following stages: prequalification, application, document review, appraisal, and approval.